1200 E 11th ST # 301, Austin TX 78702

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $442,080. I'd recommend coming to market at $303,000 to $313,000 to strike the right balance between value and market velocity. At this price, the property would be the most expensive of 3 comparable homes on the market comparable homes currently on the market in EAST THE. Built in 2008, this home is 25 years newer than the average comp, which is reflected in the adjustments. The 0.02 acre lot (smaller than the 0.08 acre average) is reflected in the estimate. Current inventory shows 3 comparable homes in EAST THE; a buyer's market based on recent absorption. The trend in 78702 shows prices have fallen 2.2% in the past 6 months. 2014 E 9th ST # 2, Austin TX 78702 nearby adjusts to $501,096; a strong comparable. Based on 7 relevant data points in EAST THE, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX